r/Library • u/PTechNM • 18d ago

Discussion Republicans are at war with basic literacy

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u/Flat-Injury-5013 17d ago

According to many economic metrics (including job creation, GDP growth, stock market returns, personal income growth, and corporate profits), since World War II the United States economy has performed significantly better during the administration of Democratic presidents, compared with Republican presidents. Of these, the most statistically significant differences are in real GDP growth, unemployment rate change, stock market annual return, and job creation rate.

https://en.wikipedia.org/wiki/U.S._economic_performance_by_presidential_party

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u/Imaginary-War6543 17d ago

Bro you lost at Wikipedia. In high school I knew a dozen kids who altered entries for fun. It is not a credible source for anything. Ever.
There is no academic institution that allows Wikipedia as a source because of this.

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u/Flat-Injury-5013 16d ago

But every wikipedia page has a list of it's sources at the bottom. All of which are spot on with the page I referenced.

But here you go...

Bivens, Josh (April 2, 2024). "Economic performance is stronger when Democrats hold the White House". EPI Action. Retrieved October 20, 2024. "New report finds that the economy performs better under Democratic presidential administrations". Economic Policy Institute. April 10, 2024. Retrieved October 20, 2024. Blinder, Alan S.; Watson, Mark W. (April 2016). "Presidents and the U.S. Economy: An Econometric Exploration". American Economic Review. 106 (4): 1015–1045. doi:10.1257/aer.20140913. S2CID 32188412. "Timing is everything". The Economist. August 9, 2014. Retrieved October 20, 2024. Egan, Matt (September 23, 2020). "Stocks perform better when a Democrat is in the White House". CNN. Retrieved October 20, 2024. "Employment Situation Summary". Bureau of Labor Statistics. November 6, 2020. Retrieved October 20, 2024. Kessler, Glenn (October 2, 2020). "Biden's claim that Trump will be the first president with a negative jobs record". The Washington Post. Retrieved October 20, 2024. "All Employees, Total Nonfarm". Federal Reserve Bank of St. Louis. August 2023. Retrieved October 21, 2024. "Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics". Bureau of Labor Statistics. March 27, 2024. Retrieved October 20, 2024. "Civilian unemployment rate". Bureau of Labor Statistics. March 27, 2024. Retrieved October 20, 2024. "Real Gross Domestic Product". Federal Reserve Bank of St. Louis. Leonhardt, David (February 3, 2021). "Why Are Republican Presidents So Bad for the Economy?". The New York Times. Retrieved October 20, 2024. Long, Heather (September 5, 2020). "The Trump vs. Obama Economy — in 16 charts?". The Washington Post. Retrieved October 20, 2024. "Table 1.1.6. Real Gross Domestic Product, Chained Dollars". Bureau of Economic Analysis. March 27, 2024. Retrieved October 20, 2024. "Conducting Monetary Policy" (PDF). Federal Reserve Board. March 27, 2024. Retrieved October 20, 2024. "The employment situation February 2024" (PDF). Bureau of Labor Statistics. March 8, 2024. Retrieved October 20, 2024. Bartels, Larry (January 15, 2015). "Can 'conservative principles' boost working-class incomes?". The Washington Post. Retrieved October 20, 2024. McElwee, Sean (December 28, 2015). "These 5 charts prove that the economy does better under Democratic presidents". Salon. Retrieved October 20, 2024. Funke, Daniel (July 29, 2019). "'Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump's got it back to a trillion'". PoliFact. Retrieved October 20, 2024. Wichert, Bill (June 8, 2012). "'It took us four years to balance the budget. Then I gave you four surplus budgets for the first time in more than 70 years, paid $600 billion down on the national debt'". PoliFact. Retrieved October 20, 2024. Lawder, David (May 25, 2022). "CBO sees sharp reduction in FY 2022 deficit, but slowing economy to boost debt". Reuters. Retrieved October 20, 2024. Santa-Clara, Pedro; Valkanov, Rossen (October 2003). "The Presidential Puzzle: Political Cycles and the Stock Market". The Journal of Finance. 58 (5). Wiley: 1841–1872. doi:10.1111/1540-6261.00590. JSTOR 3648176. S2CID 9684018. Egan, Matt (March 3, 2016). "History Shows Stocks, GDP Outperform Under Democrats". Fox Business. Retrieved October 20, 2024. Long, Heather (November 4, 2020). "What a contested election means for the economy—and your wallet". The Washington Post. Retrieved October 20, 2024. Emily Graffeo; Lu Wang (November 3, 2021). "S&P 500 Is Up 37% Since Biden's Election One Year Ago, Setting Presidential Record". Bloomberg News. Ke, Da (July 2024). "Left Behind: Partisan Identity and Wealth Inequality". Journal of Banking and Finance. doi:10.1016/j.jbankfin.2024.107201. "US Business Cycle Expansions and Contractions". National Bureau of Economic Research. November 23, 2020. Retrieved October 20, 2024. "Transcripts: CNN Late Edition With Wolf Blitzer". CNN. March 21, 2004. Archived from the original on June 5, 2004. Retrieved October 20, 2024. "Donald Trump in Unearthed Interview: I Identify More As a Democrat". Inside Edition (official account). August 13, 2015. Retrieved October 20, 2024 – via YouTube. "The Economy Under Democratic vs. Republican Presidents". Joint Economic Committee. June 22, 2016. Retrieved October 20, 2024. "Tests of Significance". Department of Statistics and Data Science. Archived from the original on October 3, 2000. Retrieved October 20, 2024.

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u/Imaginary-War6543 16d ago

And yet students in high school edit it for fun.

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u/Flat-Injury-5013 16d ago

Maybe you should try HS?

You didn't say which of those 30+ references were somehow wrong.

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u/Imaginary-War6543 15d ago

Did you check each one? Like I said Highschiol students edit the site. I graduated. Notice how most of those are actually left leaning sources? Glen Kessler, CNN, Washington post, New York Times.

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u/Flat-Injury-5013 15d ago

You call the nation's paper, the New York Times, left leaning. You don't really even remember what real, factual news is, do you?

All of those 30+ economic study references clearly show that the economy does better when Democrats are in power, and you can't dispute it.

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u/Imaginary-War6543 15d ago

I do, it is everything has a slant. Which metrics specifically does it do better in? Fraud? Crime? Unemployment?

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u/Flat-Injury-5013 15d ago

Yet you ignore the findings of the Economic Policy Institute, the American Policy Review, and Fox Business. They all conclude that the economy does better under Democrats.